Category Archives: Real Estate

What is the real estate moderation sales say

unduhan-4For those that follow Sarasota Real Estate Market activity in the media, it’s not new news to you that the pace of sales has clearly retracted through most of 2016.  However, conversely, keeping up with the brisk tempo of the last two record-setting years might be cause for some concern, given the still limited growth in inventory.  Homebuilder confidence once again rose this month, according to the National Association of Homebuilders, which is great news as it is the new construction that has had the greatest impact on the market this year.

As mentioned in my last month’s Moulton Sarasota Real Estate Report, new home sales are not recorded with the Association of Realtors as all other data is, so it is difficult to have an accurate count of just how many new homes are being completed and sold.  Last week John Hielscher of the Herald Tribune reported that new home starts in the Sarasota Real Estate Market have grown 43.6% over the prior year.  Industry experts estimate that new home availability is about 4.5-months of supply, nearly the same as our existing home reserve.

While market reports indicate that total transactions in the Sarasota Real Estate Market fell over 22% last month, when adding the increase in new home construction and sales, and eliminating distressed transactions form the calculations, I do not believe that the moderating pace of sales is quite as dramatic as the number appears.

Within months, literally thousands of new condominiums, single-family homes and rental homes will be completed in our region, and looking at the Sarasota Real Estate Market conditions, I see a healthy environment and most certainly a sustainable one.

Sales

As mentioned, Sarasota Real Estate Market transaction fell more than 22% in July.  But if you remove the substantial decline in the distressed market, the “traditional” sales fell at a much less alarming level of 15.5%.  Indeed, the number is still worthy of a raised eyebrow, however, as I have said, I feel that new home/condo inventory is growing at a healthy pace now and is keeping real estate, one of our area’s most important economic drivers and employment sources, on an upward track.

When taking the sales activity and slicing it by price tier, the largest decline – about 26% – was in the under $200,000 category.  At the luxury level where most of my activity takes place (above $1 million), sales decreased about 18%.  Year-to-date, all sales in Sarasota’s Real Estate Market have fallen less than 8%.

  • Sarasota is averaging monthly sales in 2016 of $301.4 million vs. $277.4 million in 2015. July saw $311.1 million in transactions, 14% less than July 2015.
  • The monthly average of single family sales this year is 581 vs. 613 in 2015 and for condos the monthly sales are 281 vs. 297 last year through July.
  • Single-family sales last month were down 22% from prior year, and down 14% from June 2016.
  • Condominium sales were down 25% from last year in July and about 28% less than June.
    • S. real estate sales decreased 10.9% in July.
    • Florida’s housing transactions saw single-family home sales fall 8% compared to last year and condo sales were down 11.5%.
  • All cash sales in Sarasota continue to be strong with 34% of single-family and 59% of condos sales closed without a mortgage.
    • On a national scale, all cash sales were 21% of total sales.
  • Distressed sales were only 6.2% of total sales, compared to 12% last year.

Note:  Some analysts have suggested that because July had five weekends and only 20 business days during which closings would be scheduled, the unusual calendar event may have contributed to the more significant drop in sales compared to other months of 2016.

Prices

Once again, the Sarasota Real Estate Market showed impressive price growth.  Though we have fallen a bit from the heady 20+% year-over-year increases of last year, again this moderation is a sign of health and market stability.

  • In July, Sarasota’s single-family homes were sold at a median price of $242,500 vs. $219,500 a year ago, an increase of nearly 9.5%. The year to date monthly median average was $212,536 vs. $182,200 last year.
  • Condominium median sale price grew to $205,000, an increase of 8% over July 2015.
    • Florida median price for a single-family home is reported to be up 11.6% over last year, to $223,000, and condo median prices increased 6.8% to $160,000.
    • Nationally, median prices for all homes rose 5.3%.
  • The average sale price for houses in Sarasota was $335,617 in July vs. $308,356 a year ago, a 8.8% increase.
  • Sarasota’s condominiums sold for an average price of $325,238 vs. $275,700 a year ago, an 18% increase.
  • Sarasota homes sold at 95% of the list price.

Find the real estate market that you are looking for

unduhan-5Whether you’re a homeowner, a potential buyer, or a realtor, it makes good sense to stay atop real estate trends. But considering the never-ending flood of forecasts, predictions, and reports on the state of the real estate market some of which outright contradict one another it’s difficult to know which reports to trust and which to ignore.

While savvy real estate buyers and sellers try to stay abreast of industry predictions and overarching trends, they also understand that real estate is a lot like politics: Local events tend to play a much larger role in local property values than national trends.

Taking the Temperature of Your Market

When it comes to buying property, every potential homeowner has his or her own wish list. That makes it difficult to pinpoint specific factors that make for “must buy” property.

Many people first consider their finances when making a purchase, noting the monthly mortgage payments should be no more than 28 percent of pre-tax income. Others consider location above all else, prioritizing a dwelling close to home so they can bike to work. You, of course, might value something entirely different in a new home.

Whatever your personal taste in property, the real danger is completing a transaction without first knowing the market. To inform your real estate decisions, consider the following five factors that heavily impact local home values:

1. School quality. High-quality schools often signal a stable housing market. Homes in these areas might be more expensive, but they also have stronger resale values.

Consider the benefit of not having to pay private school expenses as a way to offset the added upfront investment. Even if you don’t have kids, buying a home in a first-rate school district can pay dividends.

When researching school quality, find news reports on the school district’s projected spending. Compare its budget to nearby towns and counties as well as state and national averages. Many school systems also publish extensive budget data on their own websites. Additional information is available online through ballotpedia.org and governing.com.

2. Infrastructure reliability. The cost and convenience of living in an area greatly affects home values as well as residents’ quality of life.

Measure the frequency of media stories on power and cable outages, water main problems, and storm-related flooding. You might visit the city’s department of public works to ask about the age and condition of water and sewer lines in the home’s neighborhood. A visit to your city’s permitting department should help you determine how common homeowner repairs — whether from vandalism or weather-related incidents — are in the area.

When touring a neighborhood, pay attention to your cellphone reception and connection to your wireless data network. Dead zones can be tough to live with and can hurt resale values. Inquire about the availability of high-speed internet and check online reviews of area internet service providers.

3. Demand for housing stock. New construction trends and forecasts offer clues to the future value of homes in an area.

Heavy construction typically implies strong job growth and means increased property values for homeowners. A spike in construction also might lead to more of the amenities homebuyers appreciate, including better transportation options, shopping and entertainment, recreational activities, and schools.

Talk with a real estate agent to learn about the current inventory of homes in various price ranges and to learn whether those numbers have changed recently. You can also find this information on your own, including the average number of days homes have been listed on the market before sale, through the National Association of Realtors.

How comfort on your apartments living

Pune is one beautiful city that offers a peaceful lifestyle with its great environment, weather conditions and open spaces. Without a doubt, you can find local residents, student and employees from several parts of India of the world in Pune. This city is totally splendid with all that it has to offer its inhabitants.

The real estate industry in Pune has grown to a new level today. There are several commercial and residential projects that are happening through the city of Pune. With many real estate companies in the market today, tough competition is something that can be expected, with every company trying to offer good commercial and residential spaces.

Legacy Lifespaces is a popular company that has gained immense popularity with its amazing constructions. This is one company that individuals can trust today with their eyes closed.Legacy Twin Arcs Phase 2 is the latest project of Legacy Lifespaces that is focused on offering high-quality residential apartments that offer luxury and pure comfort.  This project consists of 3 well-designed towers, with each containing 11 floors. Offering several variants of 1BHK, 2BHK, and 2.5BHK, there are many options for you to choose according to your requirements. The carpet area space of the variants starts at 401 sq. ft. and movies up to 700 sq. ft., excluding the terrace space which is added separately.

If you’re looking out for the extraordinary apartment then you have come to the right place. Legacy Twin Arcs Phase 2 Pune offers apartments that are simply gorgeous. From modern furnishings and fittings to kitchens with granite platforms, water purifier, designer vitrified tile flooring and so much more. Pure luxury is what you will get at this project. The exterior amenities include a gymnasium, sports facilities and play zone for children, meditation center, day care center, fast elevators, multipurpose hall, 24hour water, landscape gardens and loads of open spaces to just have a good day each and every day. There’s nothing that you can’t do at this development. This project has also taken up rainwater harvesting, has security cameras, power backup and firefighting equipment for safety.

Located at Punawale, Legacy Twin Arcs Punawale comes in close proximity for all your requirements and emergencies. From schools to colleges, malls, shopping centers, hospitals, medical centers, restaurants, public transport and close roads to highways, you can find it all with ease. Long distance travelling is just not needed when you’re staying at this luxurious development.

Starting at a superb price of Rs.35.04 Lakhs and going up to Rs.57.50 Lakhs, the Legacy Twin Arcs Phase 2 price is like an icing on the cake, as it offers high-end apartments at prices that are affordable and totally worth it. This development offers all that you deserve, a happy and modern lifestyle. You can opt for different payment options and easy home loans too.

 

How to take enjoy on your home

Winter will be here before you know it, and in some areas of the country, heating costs are rising as temperatures are dropping. While the Farmer’s Almanac predicts a colder-than-normal winter for some parts of the country, no matter where you live, you will want to make sure your home is prepared for the coming months. Your house may already have sufficient insulation, but if there are doors, windows, or other areas that are allowing air to leak out, you could be paying to heat the outside of your home.

You might be surprised at some of the areas of your home that can allow air loss. Typically, air leaks can be sealed with caulking, expanding foam, weather-stripping, insulating gaskets, additional insulation or in the case of floor spaces that leak air with backer board. Sealing air leaks in your home is one of the least expensive home improvements you can do that will see the fastest return on your investment with decreased heating or cooling bills.

RECESSED LIGHTING

Considered the number one cause of air loss in a home or business, recessed lighting cans typically vent into an attic, which can allow heat and air conditioning to escape. With a simple airtight baffle, the fix is quick and easy, the return on investment immediate.

While you are fixing any air leaks with recessed or canned lighting fixtures, consider swapping out your light bulbs for ones that will produce less heat when they are on to help keep your rooms cooler, so your thermostat will correctly interpret the ambient room temperature.

HEAT VENTS AND AIR CONDITIONING REGISTERS

The culprits here are gaps in and around the duct work and duct boot that connects to vents and registers. Once you have found the air leak, you can fix it with foil duct tape, mastic or silicone caulk. Again, it’s a fast and inexpensive fix with an immediate cost benefit.

Exterior Doors

Weather-stripping is another improvement that will not be very expensive, but it can easily be done to seal off exterior doors. You will want to get weather stripping that will be thick enough to block any air loss, but not so thick that you cannot close the door securely. If the door does not latch properly because of the weather stripping, it could possibly open on its own. If that happens when you are asleep or away from home, it could result in a great deal of heat loss before it is closed again.

Know the top state that real estate has grown

The lawful pot business sector is one of the quickest developing industries in the United States. That is not news; what is news, however, is the way that there are various companies putting vigorously in a Marijuana future that may not work out as intended.

Colorado

After legalizing recreational pot in 2012, Colorado rapidly ascended in the ranks as one of the best states for marijuana users. It attracts maximum number of pot travelers and a developing community of patients who moved to urban areas like Denver and Boulder, keeping in mind the end goal to treat their health issues with cannabis.

Marijuana legitimization has made huge economic growth in Colorado state, yet it has not been without an expense – all the more particularly, a spike in real estate cost.

It’s the green boom here in Colorado and real estate is at the top. If you claim a building that is zoned appropriately, excluding any enhancements, it’s worth millions.

You can purchase a property to manufacture a new dispensary and rent out retail space to a few non-marijuana occupants. A few of our general system is to possess the greater part of the real estate we are in.

To grow, cultivate, sell, and use cannabis on an individual level. Colorado residents are permitted to have 6 plants, with up to three whenever being in the flowering stage.

Tax revenue – the primary $40 million in expense, income from the sale of lawful cannabis will be credited to government funded school construction funds. This expense rate may not surpass 15%.

Home costs in Colorado have experienced a relentless increment since 2012 and will probably proceed one year from now as more people rush to the area.

Arizona

Arizona’s medicinal cannabis laws are firmly controlled; but, Zoned Properties has figured out how to grow its portfolio. The firm right now possesses $10 million in real estate, and show no signs of slowing down.

A huge property, particularly obtained with a specific end goal to draw in medicinal marijuana companies has been concluded in Tempe, Arizona.

Real estate companies Zoned Properties, has become famous in the Arizona area by catering to marijuana businesses in the course of the last couple of years, and their new 5 million dollar property deal is their biggest to date.

It’s anything but difficult to see that property locations like this five-acre of industrial park in Tempe are justified regardless of the investment when you looking at other weed friendly cities like Denver and how rapidly similar properties’ values are expanding.

A significant number of these properties are going to be four times the normal, just as a consequence of the potential for medical marijuana cultivation centers.

Wonderful residential that you should know

Bangalore is an amazing city that offers a peaceful environment to stay, work and also study. That is why this big IT hub has people from several locations residing, working and also studying here. Without a doubt, Bangalore is known for its Information Technology, but today it is also known for its high-end real estate. No matter where you go, you will find several projects throughout the city.

The real estate industry is definitely growing in Bangalore, with many real estate companies who have already rooted themselves in this city and much more entering the city. Competition is wide and fierce, with several developers trying to build the widest and finest residential and commercial spaces. The real estate industry in Bangalore will continue to keep booming for a long time.

Arvind Infrastructure Ltd. is one company that has built remarkable buildings of the top most quality for years. Arvind Infrastructure Ltd. has come up with its latest project, Arvind Skylands. This is one project that offers luxury and beauty at its best. The residential apartments offered here are well-designed and crafted to perfection. With 2BHK, 2.5BHK and 3BHK apartments that start from a spacious size of 1057 sq. ft. and go up to 1482 sq. ft., you can comfortably choose your apartment according to your requirement and needs. Luxury is what you will definitely find in these apartments.

Arvind Skylands Bangalore is a gorgeous development that doesn’t only look incredible from the outside, but the inside as well. The interior amenities are luxurious, from spacious rooms to modern fittings and furnishings, well-endowed kitchen, doors, windows and a lot more. This project will also offer high-end modern exterior amenities that will just surprise you. The amenities include a sky lounge, open café, star gazing deck and jogging track, all on the terrace. Now that is totally exciting and something you can truly look forward to. You can also find top-notch security and a well-structured car parking as well.

Located at Jakkur, Arvind Skylands Jakkur is in close proximity to a variety of locations that include schools, colleges, shopping centers, malls, hospitals, restaurants, public transport, highways and more. You can find anything you’re looking out for with ease and within a few minutes.

Starting at a splendid price of Rs.39.10 Lakhs and moving up to Rs.54.83 Lakhs, the Arvind Skylands price is truly low and affordable. This is one extreme project that offers everything for a beautiful lifestyle, without a load on your wallet and that’s quite evident. Book your apartment today and feel the luxury and beauty of living in style and comfort

Best resort for your life

The Rise Resort Residencies planned to sale modern and luxurious villas in the sector 1 greater Noida west region. Are you looking for the rich and sophisticated villas for the effective and affordable purchase opportunity? The Rise Resort Residencies are the reliable and honest developer’s offers wide range of luxurious villas for your lifestyle change. The entire villas have real comfort, convenience, and capable to live with enjoyment of modern amenities.

The amenities are perfectly designed by the expert developers and aim to change the noida region development. Their only objective to alter the region look, development and the local people achieve the offering facilities and contemporary specifications. The villas have perfect interior workings like classic floor plan, anti-skid tiles surface, high excellence paints with good combination of modern colors, better ventilation, and good environment.

The initial look of the Rise Resort Residences will emerge complete modern style and feasible to enjoy every moment in the local region. Most of the people worry about the high price of the villas, but here you can pick at an affordable price. You don’t feel about the lifestyle just visit once the modern villas in your life and you will get soon to purchase any of the villas in the region. You are the lucky one to start your lifestyle better and modern by your classic aspiration. The decision is yours to make right one and change upcoming generation to make jealous by your present living lifestyle in the modern villas. The developers waiting for you to buy these modern facilities included villas as your capable budget. For more details visits Rise Group.

Cheap decorating your home

Home maintenance is one of those activities that can be done well in hundreds of different ways. Even better, if you have a generous budget for all the features you would like to change within the home, the entire effort will result in a beautifully furnished place. However, the problem is that only a small number of people can actually afford such a large budget for their home-redesigning needs. The rest of us have to be creative and imaginative if we want to give our homes an exquisite look. Since the appearance of your home is directly related to quality of life, regular changes are a must. Here are half a dozen ways your home can blossom on a budget.

Affordable bedroom tweaks

Lack of sleep is one of the most frequent causes of impaired work productivity. If you have trouble sleeping, it is time to change something in your bedroom. For starters, replace or redo the bed headboard. Wooden headboards can be quite uncomfortable, even if you have a comfortable pillow. Choose a soft material for the upholstery, since it will affect your sleep. For instance, plush is a divine choice, but it could be too warm in the summer, so it would be smarter to go for a fabric with a bedroom-friendly pattern.

Furthermore, when it comes to the bedroom and sleeping issues, adding a new coat of paint to this space is a frugal and effective solution. Cool colors, such as blue and green, as well as all their numerous shades, should bring calm and peace to your bedroom. Read more about colors for better sleep here.

Fewer items for more comfort

The thriftiest method for saving money on home decoration is not buying anything. When you are planning to redo your home, try to think about rearranging the items you already have. For instance, you can ditch the old wardrobe and turn one of your rooms into a walk-in closet. Although this sounds like a demanding process, it is actually a simple procedure. First you sell all the old wardrobes or sturdy closets. Then you free up some space for the walk-in. You can even do it all yourself. You will need some shelves and a few cardboard tubes. Here you can see how to prepare and install the shelves. Moreover, here are the instructions for making hangers from cardboard tubes. This strategy will bring a threefold benefit: firstly, you will save some money; secondly, this closet will be unique; thirdly, you could make some money by selling your old bulky wardrobes.

Storage-friendly items

Both hoarders and furniture Spartans often have similar issues when it comes to storing different items in a home – they lack proper space. The easiest way to overcome such a problem is to equip your living space with pieces of furniture that can accommodate other home-furnishing items. For example, a sofa with a storage space inside is a practical and budget-friendly option.

In addition to the sofa, chairs can also come with handy add-ons between the legs, where you can keep your children’s toys.

Also, repurposing old crates and chests into unique storage solutions can give your home new value without forcing you to spend a single cent.

Family photo gallery

Now that everybody has a gadget that can make photos, every family must have hundreds of great pictures from different occasions and locations. And what is a better wall decoration than a family photo from your trip to Melbourne or Ayers Rock? What is more, you could turn an entire wall into a special area for family photos (you can also get some handy help from expert from Beyond a Word). It could be a sentimental journey through the different periods of your family’s life. In addition, this special wall could be enriched with memorabilia from your journeys, such as tickets or tourist brochures. Of course, you do not want to damage the walls, so learn a few handy tips about posting photos to walls..

Freshness from above

When you embellish a wall with your photos, there is a probability that looking at those photos will take your eyes right up to the ceiling, only to notice that this area has been completely neglected. This “fifth element” of every room is often overlooked when home redecoration is concerned, but it has huge potential. First of all, the paint used for the ceiling can be different from the one

applied on the walls. It will open this area, giving an impression of a higher and wider space.

Secondly, the ceiling can be enriched with affordable lighting features. Avoid chandeliers and pendant lights, since they are often expensive and energetically inefficient and go for LED lights instead.

Moreover, having a ceiling fan that will send you freshness from above during the hot months would be a smart choice. Also, leave a free corner of the ceiling reserved for an air-conditioner, too. The cooling combination of the fan and the A/C unit should be an economical solution. However, make sure to carry out a regular maintenance of these devices, to extend their lifetime and avoid any unwanted expenses.

How to have a quality life on your home

The paramount emotions are a very stunning and attractive home project by the paramount group which is residential complex offering homebuyers in this upcoming day. We are providing fully good ventilated spacious rooms and we offer with different sizes that you can choose out as per your requirements or needs only. Mainly, our project is located on three sides open plot at permit several   unique levels of natural ventilation into all the rooms preparing them airy as well as perfect lit. Our main objective is to offer good residents quality lifestyles which traverse the moving at the perfect price list which is very realistic prices.  Our project is mainly based on a theme where most of the flats, as well as apartments, obtain a park view because they are positioned centrally on a landscaped plot.

 The best offers and amenities providing for you:

 We have afforded ample good basement as well as podium parking space for residents and also providing them a very grand entrance lobby in each and every tower. Paramount Group teal architects have well-planned floor plans which create the flats and apartments feel like heaven. Paramount Emotions is mainly well-equipped with all the essential high-tech facilities which the latest age home deserves. It is also located at greater west which is in near proximity to place and another region of NCR.  In order to create it is comfier as well as convenient from the smooth connectivity of metro.  Our project on the place map, as well as you, will see which it is a 5 min drive away from one to another corridor and also sector 119 as well as 120. This is hospital and sector 32 metro stations just simply ten minutes drive away which adds to the look of the development.

Know the best locations for your home

The old saying, “Location, location, location” is more like a mantra when it comes to real estate. Buy in the wrong one and you could be setting yourself up for financial ruin. Or at least an unhappy experience. Right?

In some cases, yes. But also, maybe not so much. Let’s get into it.

The argument for buying in the best location you can afford

You can change your home, adding, updating, and renovating down to the last square foot. What you can’t change is where it’s located. Add in an inherent desire to build equity when you buy a home, and it’s not surprising that real estate experts often recommend buying not only in the best location you can afford, but, if given a choice, buying the worst house in the best neighborhood instead of the other way around.

“A home is an investment – and the best investments have the most room for improvement,” said Realtor.com. “Ideally, you’ll be adding to the home during your ownership, building equity in hopes of a payoff when you (eventually) sell. Brendon DeSimone, author of “Next Generation Real Estate,” told them. “You can add value on your own. If you’re choosing between an awesome house in a crappy location or an awful house in a great location, I would choose the latter.”

Multiple recent studies bolstered the idea of buying in the best location you can, but identified new factors for determining location-worthiness. Namely, you need to buy a home with a Starbucks nearby. Or a Target nearby. Ideally, both.

“Among homeowners who sold in 2015, those near a Target saw an average 27 percent increase in home price since they purchased their home, which equates to an average price gain of $65,569,” said the Washington Post.

As for Starbucks, “Between 1997 and 2014, homes within walking distance, or one-quarter mile, of a Starbucks appreciated 96 percent,” said Forbes. “Compared to the national average for the same time period, 65 percent, it seems having a barista close by is a smart real estate move.”

Buying the house, not the neighborhood

Yes, buying in a neighborhood that seems to offer some cushion when it comes to values makes sense. But what if you fall in love with a house that’s not in your preferred neighborhood? What if it’s not in anyone’s preferred neighborhood?

The opportunity to buy a more affordable home can tempt people to take a chance on an iffy location. But how iffy is too iffy? The potential for losing money on a home that may not ever appreciate because of the neighborhood is only the beginning. Buying into an area that has higher crime can be dangerous to more than your finances.

Not sure what you’re getting yourself into? Here are a few ways to investigate the neighborhood:

  • Look at sales data – Beyond the safety issues, you want to know what you’re in for in terms of your investment. Just because a home in a questionable area is priced low doesn’t mean it’s a good value.
  • Check crime records – You’ll obviously want to pay attention to murder and violent crime rates, but also property crimes including break-ins, home robberies, and car thefts.
  • Check the sexual predator registry – That’s a given for any move.
  • Talk to neighbors and area business owners – Sometimes, the people that live and work there can provide the most telling information.
  • Consider the type of businesses in the neighborhood. Remind yourself about the Starbucks and Target value conversation. Those aren’t around? What’s in their place?

The quality of the businesses in the area can be one of the main determining factors when considering a neighborhood. A story from attn: asked the question, “Do Certain Businesses Attract Crime?” Their findings: “The prospect of a new liquor store or marijuana dispensary can spark safety concerns in some neighborhoods. But while the idea that particular businesses are crime magnets holds up in some cases, it’s not always true, and people’s concerns can be based on real evidence or flawed perception.”